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Mathematics, 04.04.2020 03:01 genesisprieto11
In your homework, you were introduced to a game, called Under-or-Over-Seven. It has many rules. Here is the particular rule that we are going to use for this question: a pair of fair dice is rolled once, and the resulting sum determines whether the player wins or loses his/her bet; the player wins $9 if the result of the roll is exactly equal to 7 and loses $3 otherwise. Compute the expected value of this game (i. e., the expected gain or loss).
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In your homework, you were introduced to a game, called Under-or-Over-Seven. It has many rules. Here...
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